Leo & Katherine Gallagher Foundation

BROOKLYN, OH EIN: 23-7131679

Leo & Katherine Gallagher Foundation is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $394K in total assets. In 2024, it awarded 15 grants totaling $70K. Net investment income was $46K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$394K

-6.8% YoY

Annual Giving

$70K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

+0.0% YoY

Under IRS private-foundation payout rules, Leo & Katherine Gallagher Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.

About Leo & Katherine Gallagher Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Washington $268K (76%)

Alaska $24K (7%)

Oregon $20K (6%)

Ohio $17K (5%)

California $14K (4%)

Texas $10K (3%)

States

Alaska California Ohio Oregon Texas Washington

Cities

DaytonIrvingLaceyLakewoodNomeOaklandPortlandSeattleSpokaneTacoma

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$394,048	$422,672	$420,054
Revenue	$51,211	$81,095	$47,809
Expenses	$79,808	$78,459	$81,074
Qualifying Distributions	$73,111	$73,108	$73,519
Net Investment Income	$46,016	$75,943	$41,698
Distributable Amount	$24,426	$24,079	$27,397

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

74 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bellarmine Preparatory School ($7,200), Saint Martins College ($5,600), St Leos Catholic Church ($5,600).

Recipient	Purpose	Amount
CATHOLIC YOUTH ORGANIZATION SEATTLE, WA	GENERAL OPERATING	$4,000
SISTERS OF THE HOLY NAMES SPOKANE, WA	GENERAL OPERATING	$4,000
ALASKA RADIO MISSION NOME, AK	GENERAL OPERATING	$4,800
ST CHARLES BORROMEO SCHOOL TACOMA, WA	GENERAL OPERATING	$4,800
SAINT MARTINS COLLEGE LACEY, WA	GENERAL OPERATING	$5,600
THE JESUITS PORTLAND, OR	GENERAL OPERATING	$4,000
ST LEOS CATHOLIC CHURCH TACOMA, WA	GENERAL OPERATING	$5,600
BOY SCOUTS TACOMA, WA	GENERAL OPERATING	$4,800
ST CHARLES BORROMEO PARISH DAYTON, OH	GENERAL OPERATING	$4,800
FULCRUM FOUNDATION SEATTLE, WA	GENERAL OPERATING	$5,600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$6,643

Frequently Asked Questions

How large is Leo & Katherine Gallagher Foundation?

As of 2024, Leo & Katherine Gallagher Foundation holds $394K in total assets with $51K in annual revenue. It awarded 15 grants totaling $70K in 2024.

Where does Leo & Katherine Gallagher Foundation operate?

Leo & Katherine Gallagher Foundation has awarded grants in Alaska, California, Ohio, Oregon, Texas, Washington.

What size grants does Leo & Katherine Gallagher Foundation award?

In 2024, Leo & Katherine Gallagher Foundation awarded 15 grants totaling $70K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Leo & Katherine Gallagher Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Leo & Katherine Gallagher Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Leo & Katherine Gallagher Foundation's EIN?

Leo & Katherine Gallagher Foundation's EIN (Employer Identification Number) is 23-7131679. IRS Form 990 filing data is available on this page for 2020–2024.